Government funding of start-ups is a bad idea for everyone. It is like using the taxed money of successful entrepreneurs to fund doomed to fail entrepreneurs. It might make more sense for the government to give similar tax incentives to say employees, VCs and founders on the potential windfall they might make from their success.
When government puts up such program, the people whose expertise in convincing government agents would end up getting such money. Convincing a VC and convincing a government agent are pretty much orthogonal because VCs are generally directly responsible for that money.
When government puts up such program, the people whose expertise in convincing government agents would end up getting such money. Convincing a VC and convincing a government agent are pretty much orthogonal because VCs are generally directly responsible for that money.